BYND Dividend Type Payments
Although BYND has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Beyond Meat, Inc. - Common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Beyond Meat, Inc. - Common stock (BYND) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
6.04 |
6.05 |
6.06 |
-0.01 |
1.8M |
- |
0.4B |
BYND Dividend-Like Income Using Covered Calls
With BYND at 6.06, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
Annual Yield |
Annual Premium |
Cents/Day |
3% |
0.18 |
0.0 |
5% |
0.30 |
0.1 |
10% |
0.61 |
0.2 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
3% Yield On BYND Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
6.50 |
0.02 |
3 |
0.7 |
0.45 (7.4%) |
May 3 |
6.50 |
0.11 |
10 |
1.1 |
0.45 (7.4%) |
5% Yield On BYND Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
6.50 |
0.02 |
3 |
0.7 |
0.45 (7.4%) |
May 3 |
6.50 |
0.11 |
10 |
1.1 |
0.45 (7.4%) |
10% Yield On BYND Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 26 |
6.50 |
0.02 |
3 |
0.7 |
0.45 (7.4%) |
May 3 |
6.50 |
0.11 |
10 |
1.1 |
0.45 (7.4%) |
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